Stuck over the renovation of your hotel due to higher interest rates ?
Good News to Hospitality Industry, Bharat bank Brings Bharat Aaahar loan to the Hospitality
Industry
for growth and expansion of their business...
What is the Purpose of this Loan?
- To Acquire Premises, Renovation, Refurbishment& Modernization of Existing Premises, Any other Business needs.
- Growth and expansion of their business
- Purchase of Kitchen Equipment’s
- Working Capital Requirement.
Who can avail for this Loan?
Hotel / Restaurant owners / Entrepreneurs who want to set up their own eateries, Lodging & Boarding or to improve and upgrade the capabilities of already existing ones.
How much are you entitled to
- Maximum amount for Term Loan is Rs. 5000 Lakh
- Maximum amount for Working Capital finance is Rs.100 Lakh
- 25% on project cost is the Margin.
Repayment
Repayment for Term Loan is Maximum 120 Months (Inclusive of Moratorium/Gestation Period ) whereas for Cash Credit - One year or on demand unless revoked earlier.
Security
Security for Term Loan is Charge on Assets purchased out of Bank Finance and for Working Capital Limits – Stock & Receivables Covered by Adequate Primary/Collateral Security {Existing/Proposed}